Tavistock Investments confirms talks with Saltus

AIM-listed financial services firm Tavistock Investments confirmed on Friday that it is considering a number of potential transactions, including a possible disposal of part of its business to Saltus, a financial planning and investment management services group.

In a brief statement responding to press speculation, the company said there can be no guarantee that such a transaction will occur. It also said "the board will only proceed with such a transaction if it considers it to be in the best interests of the company and its shareholders".

Further announcements will be made if and when appropriate, Tavistock added.

At 1055 BST, the shares were up 8.8% at 3.70p.